Category: Finance

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December 4, 2019 No Responses

Pakistan Manages to Pay Back $1 Billion Bonds Issued by Previous Govt

Pakistan has paid back around $1 billion on maturity of five-year international Sukuk, reported a local english newspaper.This update comes around the same time as Moody's, a credit rating agency, upgraded Pakistan's credit rating outlook from 'negativ...
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December 4, 2019 No Responses

HSBC to Move Assets Worth $20 Billion From Paper to Blockchain

<img src=" https://cdn.propakistani.pk/wp-content/uploads/2019/12/hsbc-virtual-corporate-account.jpg "></img>HSBC, one of the largest banking and financial services organizations in the world, is aiming to shift $20 billion worth of assets ...
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December 4, 2019 No Responses

Egyptian Company To Build Low Cost Housing Units For Slum Dwellers

and lt;img src="https://cdn.propakistani.pk/wp-content/uploads/2019/12/EKx3sqMWkAEWn5K.png" and gt; and lt;/img and gt;An Egyptian company has offered to provide financial and technical assistance to Pakistan for building housing units in the federal ...
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November 5, 2019 No Responses

Cement sector reports 9.19% growth in October

The All Pakistan Cement Manufacture Association has said in its report that growth rate of the cement industry has increased by 9.19% in October 2019.It further said that the sale of cement was recorded 4.98 billion in October this year which was 4.564...
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November 5, 2019 No Responses

Govt to upgrade Pakistan Refinery Limited with $1b cost

The government is planning to upgrade Pakistan Refinery Limited with an estimated cost of one billion dollar aims at achieving self-sufficiency in the refining sector and bringing down the oil import bill.Official sources told APP that we have offered ...
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November 5, 2019 No Responses

SECP launches Startup portal to encourage technology innovation

The Securities and Exchange Commission of Pakistan has launched an exclusive Startup portal to encourage technology innovation in Pakistan.SECP Commissioner for Information System and Technology Department Shauzeb Ali inaugurated the portal during the ...
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October 22, 2019 No Responses

Pakistan Flies Diplomats to Kashmir Site of Deadly Clashes With India

ISLAMABAD, PAKISTAN - Pakistan flew a group of about 15 foreign diplomats Tuesday to its administered part of the disputed Kashmir region and gave them a tour of the sites of deadly skirmishes this week with India.The clashes erupted on Sunday after In...
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October 22, 2019 No Responses

Senior US Diplomat Says Administration Concerned about Human Rights in Kashmir

A senior U.S. diplomat told lawmakers Tuesday the administration of President Donald Trump remains concerned about India's clampdown on the part of Kashmir it controls, but supports India's development goals in the region.Alice Wells, Acting Assistant ...
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October 18, 2019 No Responses

NayaPay is Now PCI DSS Certified

Preparing for its pilot operations, NayaPay (Pvt.) Ltd is now certified as PCI-DSS (Payment Card Industry Data Security Standard) compliant by Risk Associates, a leading PCI-qualified security assessor in Pakistan.PCI DSS v3.2.1 is a widely accepted se...
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